Form 4: Texas Roadhouse CEO Gerald Morgan Reports Stock Transactions
SEC Form 4 Filing
CEO Gerald Morgan reports acquisition and disposal of Texas Roadhouse stock and restricted stock units following the certification of financial performance goals.
Summary
- On February 28, 2025, Texas Roadhouse CEO Gerald L. Morgan reported transactions involving the company's stock.
- Morgan acquired 19,218 shares of common stock at $0, and disposed of 8,609 shares at $177.9.
- Following these transactions, Morgan directly owns 95,313 shares of Texas Roadhouse common stock.
- The report also details holdings of 11,600 restricted stock units, which vest on January 8, 2026.
- The acquisition of common stock was related to the vesting of performance-based restricted stock units on January 8, 2025, which was contingent upon the certification of financial performance goals by the company's compensation committee on February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The reporting person's continued service with the Company is required for the delivery of shares on January 8, 2026.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| January 8, 2025 | Performance based restricted stock units vested. |
| February 28, 2025 | Date of transactions and certification of financial performance goals by the compensation committee. |
| January 8, 2026 | Restricted stock units vest and shares will be delivered, subject to continued service. |
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